Sterlite Tech QIP closes at Rs 583.01, 5% discount to floor price

Qip At DiscountFund Raising View source PDF Explain this filing

STLTECH · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.9%Reaction day

₹607.95

prior close

₹610.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.2%-3.1% vs market

On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.1

10m

-2.3

15m

-2.2

30m

-2.5

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-2.9+0.2-3.1

Next day

-7.7+1.0-8.7

-4.9+0.7-5.6

-3.6+0.9-4.5

-8.6+0.2-8.8

-13.1-1.8-11.3

-11.0+1.4-12.4

15d

-10.5-0.6-9.9

-3.8+1.5-5.3

+13.8+4.5+9.3

+57.1+3.1+54.1

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sterlite Technologies closed its QIP, allotting 2.57 crore equity shares at Rs 583.01 per share, about 5% below the floor price of Rs 613.69. Total issue size is around Rs 1,500 crore. Funds were received from eligible QIBs. The placement document is available on the company website.

Likely market impact

Equity dilution of about 7% may weigh on stock short-term, though Rs 1,500 cr raise strengthens balance sheet for growth.